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17652 Calgary Avenue Yorba Linda, CA 92886

3 Beds 2 Baths 1,596 sqft Built 1964

$849,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $531.95
  • 3 Days on Market
  • MLS # : PW21008866
  • Updated Date : 01/15/2021 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

This fabulous single story, cul-de-sac home in a desirable Yorba Linda neighborhood with 3 bedrooms, 2 baths & 1653 sq. ft. of living space. Walk into the open & bright living room with gorgeous wood laminate flooring throughout, cozy fireplace & sliding glass door leading into large private backyard. The remodeled kitchen with custom white cabinets, granite countertops, GE Stainless Steel appliances, "soft close" cabinets and drawers, recessed lighting, large pantry with pull out drawers, under & over kitchen cabinet lighting & a large island w/seating for four. Off the kitchen is the newly remodeled laundry room with new cabinets for storage & a granite folding counter. Don't forget the attached two car garage. The spacious master bedroom with ample closet space & the master bathroom with a beautiful barn door. The two additional bedrooms with a full guest bathroom. Additional upgrades include "Baldwin" oil rubbed bronze hardware throughout, recessed lighting, ceiling fans, "solid core" interior doors, crown molding & base boards, dual pane windows throughout, new 50 gallon tankless water heater, new mirrored closet doors, wood window blinds, newer toilets, vinyl fencing & so much more! The backyard is great for entertaining with an above ground spa or simply cozy up to the outdoor fire pit & enjoy the VIEW! The RV parking is currently home to a 27 ft. box trailer & could go bigger! Highly rated Placentia/Y.L. schools, close to new Y.L. Town Center, park, dining & freeways.

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MARKET HIGHLIGHTS

  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)

PRICE & RENT TRENDS

Zip Code: 92886

ZipNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k938k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 92886

ZipNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19813818

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Linda Vista Elementary School Primary Regular 463 15 9
Yorba Linda Middle School Middle Regular 922 34 8
Esperanza High School High Regular 1,858 72 8

Linda Vista Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 15
9
GreatSchools Rating

Yorba Linda Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 34
8
GreatSchools Rating

Esperanza High School

  • Education Level: High
  • # of students: 1,858
  • # of teachers: 72
8
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,949
Property Tax -$836
Property Insurance -$66
Property Management Fees -$144
CASH FLOW
-$1,064

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$849,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$441

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,930

    LIST RENT
  • $1.84

    LIST RENT PER SQFT
  • $2,793

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7953$2,9304$3,2955$3,400
$3,400
RENT COMPS ANALYSIS
  • 17652 Calgary Avenue Yorba Linda, CA 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.84
    •  
  • 5901 Casson Drive Yorba Linda, CA 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 17581 Cerro Vista Drive Yorba Linda, CA 2
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1976
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.61
    •  
  • 5722 Casa Loma Avenue Yorba Linda, CA 4
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1963
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.79
    •  
  • 5432 Jefferson Street Yorba Linda, CA 5
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1972
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.87
    •  
PROPERTY LISTING DETAILS
Cathy Rhoades
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21008866
Last Updated: 01/15/2021
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